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May 5, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Memphis, Business Loans > First Tennessee Bank Memphis Business Loans > Beauty Shops Loan | ||||
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Tennessee Bank SBA Loans
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SBA Loan from First Tennessee Bank Helps Beauty Shops CompanyFirst Tennessee Bank has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Germantown, Tennessee, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was First Tennessee Bank, based in Memphis, Tennessee. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender FIRST TENNESSEE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 7/20/2005 Loan Approval Gross Amount $390,000 Loan Approval from the SBA Of the total $390,000 loan amount, the SBA guaranteed $292,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Tennessee Bank and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Borrowing Money from Friends and Family Find an SBA Lender in Memphis, Tennessee
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